Metis Global Partners LLC Grows Position in Constellation Brands, Inc. (NYSE:STZ)

Metis Global Partners LLC boosted its stake in shares of Constellation Brands, Inc. (NYSE:STZ) by 30.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,262 shares of the company’s stock after purchasing an additional 1,692 shares during the period. Metis Global Partners LLC’s holdings in Constellation Brands were worth $1,605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of STZ. SVB Wealth LLC bought a new stake in Constellation Brands during the fourth quarter valued at about $715,000. U S Global Investors Inc. raised its holdings in Constellation Brands by 59.9% during the fourth quarter. U S Global Investors Inc. now owns 6,300 shares of the company’s stock valued at $1,392,000 after acquiring an additional 2,360 shares during the period. First American Bank raised its holdings in Constellation Brands by 0.9% during the fourth quarter. First American Bank now owns 32,850 shares of the company’s stock valued at $7,260,000 after acquiring an additional 281 shares during the period. Linscomb Wealth Inc. raised its holdings in Constellation Brands by 4.2% during the fourth quarter. Linscomb Wealth Inc. now owns 12,609 shares of the company’s stock valued at $2,787,000 after acquiring an additional 511 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Constellation Brands during the fourth quarter valued at about $25,119,000. 77.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Constellation Brands

In other Constellation Brands news, Director William T. Giles bought 1,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $186.39 per share, for a total transaction of $186,390.00. Following the completion of the transaction, the director now directly owns 1,463 shares of the company’s stock, valued at approximately $272,688.57. This represents a 215.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on STZ shares. Piper Sandler cut Constellation Brands from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $245.00 to $200.00 in a report on Monday, February 3rd. Argus cut Constellation Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Morgan Stanley cut Constellation Brands from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $220.00 to $202.00 in a report on Thursday, February 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $201.00 target price (down from $310.00) on shares of Constellation Brands in a report on Monday, January 13th. Finally, Roth Capital reduced their target price on Constellation Brands from $298.00 to $284.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $253.43.

Constellation Brands Trading Down 0.1 %

STZ opened at $175.38 on Tuesday. The firm has a market cap of $31.70 billion, a P/E ratio of 47.15, a P/E/G ratio of 1.52 and a beta of 1.75. Constellation Brands, Inc. has a 12 month low of $160.46 and a 12 month high of $274.87. The company has a current ratio of 1.10, a quick ratio of 0.46 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average of $187.98 and a 200 day moving average of $222.99.

Constellation Brands (NYSE:STZ) last announced its earnings results on Friday, January 10th. The company reported $3.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.33 by ($0.08). Constellation Brands had a net margin of 6.27% and a return on equity of 26.55%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the firm earned $3.19 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. As a group, research analysts forecast that Constellation Brands, Inc. will post 13.5 EPS for the current year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.04 annualized dividend and a dividend yield of 2.30%. Constellation Brands’s dividend payout ratio (DPR) is presently 108.60%.

About Constellation Brands

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.